09:30 saw the release of Average Earnings and Claimant Count Change. Both exceeded expectation. This would normally see the GBP strengthen but so far we have seen little movement in either direction. 1.4078 was the low on 15th Jan 2016 and this level was (almost) reached 3 H1 candles ago and there are signs this may have been a double bottom.With RSI turning...
FX:GBPUSD CYPHER: Point B: 38.2% to 61.8% XA Point C: 127% to 141% ext XA Point D: 78.6% XC Target: TP1 38.2% CD TP2 61.8% CD Safe Trades; open.spotify.com
Would be looking for signs of a reversal around the 1.39631 level
Go Long on GU (Quick Pips Only) next few hours!
For Strong Bias and Fundament Recent Strong update GBPUSD WILL MAY GOING LISTED TARGET.. BEFORE CONTINUE DOWNTREND.
1.4228 was a significant level that GBP needed to clear as this was the low from 16.5.2010. WE are safely above this level and with the absence of any further specific GBP related news, GBP/USD looks to be heading higher. I'm already in this market from 1.4275 with a STOP at 1.4248 which I shall move to b/e shortly. Target for this trade initially is the band...
The ECB meeting has triggered an upside break above the daily trend line. Price will pull back inside the trend line and most likely to the 50% fib level at 1.42514 before breaking becoming exhausted which will present a long entry. Price is likely to advance to the 76.40% fib level before it becomes exhausted and is likely to consolidate pending another...
GBP/USD Hourly 1.4076 Overview : Market managed to fell to test support 1.3845 as we see over the chart, while managed from there to rebound toward target zone 1.3960-1.4000 as we advised before on Tuesday. Britain published construction sector PMI: 54,2 that is lower then the forecasted 55,5. The pound did not receive support from the black gold market...